Every business has risks. Do you see all the risks in your business and do you know what to do if one of the risks eventuates?

Having a risk register can help plan for when a risk event happens. Having a predetermnined course of action for each risk enables you and your staff to react quickly and efficiently. This reduces stress and can minimise the impact of the risk.

A risk register can include entries such as:

• Risk description
• Liklihood
• Impact on the business (consequences)
• Risk treatment
• Risk treatment activities.

How will you identify and manage your risks?